​[뉴욕증시 마감] Weekday ‘3 trillion dollars’ biden table infrastructure law comes out…3 major indexes rebound at once

On the 22nd (local time), the three major indexes of the New York Stock Market rebounded at once, and weekly trading began. The overall market revitalized as the US Treasury bond yield fell and the Nasdaq market, including technology stocks, showed strong performance, as well as news that the US White House was preparing an infrastructure investment bill worth $3 trillion on weekdays.

On this day, the Dow index on the New York Stock Exchange (NYSE) ended at 32,731.20, up 103.23p (0.32%) from the battlefield. The S&P 500 index increased 27.49p (0.7%) from the battlefield to 3940.59, while the Nasdaq index centered on technology stocks rose 162.31p (1.23%) to 13,377.54.

In the 11 sectors of the S&P500 Index, 7 sectors rose and 4 sectors fell. Each △ 0.65% of consumer discretionary △ 1.16% of essential consumer goods △ 0.9% of health care △ 0.04% of raw materials △ 1.12% of real estate △ 1.93% of technology stocks △ 0.76% of communication services, etc., △ energy -1.01% △ finance -1.3% △ industry- 0.1% △Utility -0.11%, etc. fell.

U.S. Treasury yields also fell in reaction. The 10-year U.S. Treasury bond yield, which was close to 1.8% last week, fell to the 1.69% level at the close of the market. Accordingly, technology growth stocks, which felt burdened by the high interest rate situation, responded positively from the beginning of the market. On this day, the shares of Tesla and Apple rose 2.31% and 2.82%, respectively.

Despite the strong Nasdaq and business cycle stocks, such as industrial stocks, were sluggish at the beginning of the market, the New York Times (NYT) succeeded in rebounding as the New York Times (NYT) reported on the Joe Biden administration’s infrastructure investment bill.

On the day, NYT cited sources and reported that White House aides would report to President Biden an infrastructure investment bill, the Build Better Back Plan, this week. The newspaper added that the scale of the bill is also maintaining the $3 trillion scale promised since before and after taking office in January, and is considering a plan to promote legislation in two separate ways.

This is beyond what the market had previously expected to reduce the size of the infrastructure bill to the level of $2 trillion in the aftermath of the passage of the US Rescue Plan, the Corona 19 economic stimulus package worth $1.9 trillion.

Therefore, after the news came, the stock market began to revitalize, and the stock price of Caterpillar, a heavy equipment manufacturer, which is regarded as a barometer of the economy, rebounded, reducing the decline in economic sensitization.

However, on the 19th, the decision to end the easing of bank capital regulations (SLR and complementary leverage ratio) of the US Federal Reserve System (Fed/Fed) continued. went.

Market experts still have mixed diagnoses on the fluctuations between economically sensitive stocks and technology growth stocks due to the fluctuations in US Treasury yields.

Edward Smith, head of asset allocation research at Rathbone Investment Management, diagnosed that “the possibility of a rise in US interest rates is greater than that of a decline.” The rise in US interest rates could lead to uncertainties in growth stocks, which are in a high valuation (corporate valuation).

On the other hand, Li Wei, a senior global investment strategist at Blackrock Investments Institute, advised CNBC that, given the high economic recovery in the US, the rise in government bond yields is natural.

“This is a vaccine for the US economy,” he said. “I think the increase in government bond yields (interest rates) according to the real rate of return is justifiable. The resumption of economic activity faster than expected and the highest level of fiscal stimulus are combined, Is awakening.”

Meanwhile, Fed Chairman Jerome Powell, who attended the seminar hosted by the International Settlement Bank (BIS) as a debate, did not comment on the economic situation and monetary policy. The topic of the seminar on this day was related to cryptocurrency.

On that day, Chairman Powell evaluated that the current cryptocurrency is a speculative asset, not a means of storing value, and explained that it would not introduce a’digital dollar’ without broad support including congressional approval.

Chairman Powell will attend the House and Senate, respectively, with US Treasury Secretary Janet Yellen on the 24th and 25th to testify on the economic response policy in the coronavirus outbreak.

On the Chicago Options Exchange (CBOE), the volatility index (VIX) recorded 18.88, down 9.88% from the previous trading day.

European stock market mixed… international oil prices, international oil prices, gold prices declined

Major European stock markets showed mixed trend due to the worsening of the spread of Corona 19. In Europe, the rapid spread of the mutant virus is worsening the situation, such as Germany and France again imprisoning the blockade. There are concerns about a disruption to the normalization of the economy in Europe.

The UK London Stock Exchange’s FTSE100 index rose 0.26% from the closing price on the previous trading day to 6726.10, and the German Frankfurt Stock Exchange’s DAX index also rose 0.25% to 16,577.21.

On the other hand, the CAC 40 index of the Paris stock market in France fell 0.49% to 5968.48, and the euro Stoxx50 index, a pan-European index, fell 0.08% to 3833.84, ending the market.

Despite a sharp decline last week, international oil prices have risen slightly due to the burden of decreasing demand due to the worsening situation of the spread of Corona 19 in Europe.

On the 22nd, on the New York Commercial Exchange, the price of West Texas crude oil (WTI) for April closed at $61.55, up 0.13 (0.2%) per barrel. April WTI is due on this day. May Brent crude on the London ICE Futures Exchange in England fell 0.23 (0.36%) to $64.3 per barrel.

International oil prices have recently maintained a level close to $70 per barrel, but the market is burdened by such a high price level.

It was interpreted as being seen, and some people raised the possibility of taking a breath.

“The price of oil will not rise further,” said a researcher at the sink market of Farwad Razakjada. “WTI will be about $60 per barrel this year, and Brent will be difficult to stay above $70 per barrel.” .

Gold prices fell 0.2% on the strength of the New York Stock Exchange. On the New York Merchandise Exchange, the April gold price closed at $1738.10, down $3.6 (0.2%) from the previous trading day.